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Key acquisitions boost Octavius’ revenue and profits

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Octavius Infrastructure has delivered increased revenue and profits after making key acquisitions during the year backed by organic growth in its core business. 

John Dowsett, Chief Executive Officer at Octavius Infrastructure (LinkedIn).

Turnover for the year ended 31 March 2024 was £276.6 million, up significantly from the £215.4 million achieved in the previous financial period, generating a pre-tax profit of £4.6 million (FY2023: £3.8 million).  

Adjusted EBITDA grew by 35 per cent from £6 million in 2023 to £8.1 million in 2024.          

“It has been a very successful year for the group,” said Octavius. “The group has delivered revenue growth of £61 million, an increase of 28 per cent, both due to organic growth in its core business in the company as well as due to two important acquisitions in the year.”        

Last year, the group acquired assets from highways civil engineering firm, R&W Civil Engineering Limited, from administrators, as well as 100 per cent of rail electrification design specialist, Navitas Engineering Group. 

Octavius’ main activities include the construction and maintenance of transport infrastructure, including rail and highways as well as providing electrical engineering consultancy services to the rail industry.  

The Surrey-headquartered business reported an operating profit this year of £4.6 million, compared to £3.8 million recorded the year prior.        

At the year end, Octavius’ balance sheet had net assets and total equity of £21.7 million, compared to £17.8 million recorded the year before, with cash reserves of £7.4 million (FY2023: £9.2 million).  

Octavius posted profit for the year of £3.9 million, ahead of £3.4 million recorded the year prior.     

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